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Legal Battle Looms Over CDC’s New Eviction Moratorium
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The Wall Street Journal says there is a looming legal battle coming over the CDC’s new eviction moratorium. They reported that a group of property managers and realtors lodged objections in federal court to the new moratorium right after the new one was issued. Click here to read more.
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Construction Spending Up 8.2% from 2020
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The U.S. government is reporting that total construction spending in June was at a seasonally adjusted annual rate of $1,552.2 billion, which is 0.1% above May’s revised estimate. Click here to read more.
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Landlord Out $24k In Back Rent Due to Eviction Moratorium, While Tenants Buying Boats
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A landlord in North Carolina is frustrated that the eviction moratorium has not only cost him over $24k in unpaid rent, but he has also watched as one of his tenants bought three boats. Click here to read more.
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Rentable Says Rent Prices Continue to See Increases
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Rentable says that the median nationwide rent price for one-bedroom units in June was $1,191 (up 2.5%) with two-bedroom units coming in at $1449 (up 2%). Click here to read more.
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NMHC Says 80.2% of Apartment Households Paid Rent by August 6th
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The National Multifamily Housing Council (NMHC) says that 80.2% of apartment households made a full or partial rent payment by August 6th, 2021. Click here to read more.
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Home Prices are Jumping in Every Segment of the Market
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A new report from Redfin says the median sale price prices of mid-priced and affordable homes grew 16% and 13.2%, respectively, most affordable homes rose 18.7%, with luxury homes jumped 25.8% year over year in Q2 2021. Click here to read more.
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Total Household Debt Keeps Rising
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A new report from the NY Fed says total household debt rose by $313 billion (2.1%) to reaching $14.96 trillion in Q2, 2021. They say mortgage balances was the largest component of household debt, rising by $282 billion. Click here to read more.
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A Host of Start-Ups are Helping Buyers Make Cash Offers
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On a recent episode of Real Estate News for Investors, Kathy Fettke says competition is so fierce among homebuyers, that we’re seeing a surge in all-cash offers. In fact, a recent Redfin study said that all cash-offers are up almost 5% nationwide in the last year. Click here to read more.
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Just How Many Websites are There?
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Infographic: Since Al Gore Invented the internet back in, ahem, whenever, sometime along the way the world wide web came in to being and since then there has been an absolute explosion of websites - 1.88 billion sites since 1991 and growing! Click here to read more.
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